Blair Richardson Of Bow River Capital Acquires 337-Unit Camden Midtown Apartments From Ric Campo
2303 Louisiana Street
Building Size
—
Asset Type
MultiFamily
Closing
Jun 19, 2025
AI
The property involved in the transaction is a multifamily asset, comprising 337 units, located at 2303 Louisiana Street in Houston. The asset was built in 1999 and is noted for its strong walkability and urban access.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2303 Louisiana Street
- Market: Houston
- Units: 337
- Buyer: Blair Richardson - Bow River Capital
- Seller: Ric Campo - Camden Property Trust
- Brokers: Dustin Selzer, Jett Lucia, Aziza Rehmatulla & Matt Kafka - JLL
- Lender: Freddie Mac Optigo
- Mortgage Brokers: Leon McBroom, Rob Bova & John David Johnson - JLL
JLL arranged the sale and Freddie Mac financing for the Camden Midtown apartment community, facilitating the transaction between Camden Property Trust and Bow River Capital. The brokerage team managed both sale and debt placement aspects of the deal.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93